Responsible for the review, periodic monitoring and analyses of finance and accounting transactions as basis of accurate financial statement of an SBU.
Job Responsibilities
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Reviews general ledger accounts and test validity of transactions and proper charging of accounts, and generates journal voucher for the approval of SBU Accounting Manager for the following:
- Inter-company transactions
- Accruals
- Amortizations
- Cash advance liquidation
- Adjustments and reclassifications
- Reviews cash advance liquidation for operational related transactions.
- Participates in the financial review such as balance sheet, revenue, cost and expenses.
- Prepares and analyzes reports required by the banks and other financial institutions and various stakeholders (BOI, MARINA, BIR, SEC, etc).
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Monitors and analyzes the following:
- Advances to Officers and Employees/Crew, issues follow-up letter for liquidation and issues clearances every end of the year.
- A/R Non-Trade (all others)
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Intercompany accounts reconciliation (non-trade)
- Preparation of RF for intercompany borrowing and booking of transactions both in lenders and borrowers books
- Charging of interest for intercompany accounts and issues debit note
- Issues Statement of Accounts (SOAs) to the borrowing company
- Advances to suppliers
- Prepayments (insurance, etc.)
- Fixed assets including execution of monthly depreciation run and physical inventory and reconciliation at least once a year
- Refundable deposits
- Inventory costing and management (for ODI)
- Cost for special projects (budget vs actual under internal order system)
- A/P trade/non-trade ageing analysis
- Accrued expenses
- Loans payable (short term and long term)
- Reviews RF for proper charging of non-MM payments.
- Prepares and monitors timely filing of monthly, quarterly and annual returns and payment of all taxes (internal revenue and LGU taxes).
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Prepares and ensures completeness audit requirements and coordinates with the following:
- External auditors in the interim and annual audits
- BIR and LGU examiners.
Requirements
- Graduate of 4 years’ baccalaureate course
- Bachelor of Science in Accountancy
- With CPA license is an advantage but not required
- With two (2) years’ work experience assigned to finance and accounting functions.
- Work in close coordination with the immediate superior and other Accounting Analysts of the group for reports and other Accounting matters.
- Understands Accounting Standards, Tax Code, Internal Controls, and other statutory reportorial requirements.
- Exposure or background in logistics/liner operations is a plus factor
- Knows latest trends and best practices of Finance and Accounting in an account management set-up.
